Dutch court signals that hedge fund can pursue challenge to chairman at later date

Elliott Management Corp. lost its latest legal challenge Thursday to remove Akzo Nobel NV’s chairman, but the legal decision signaled that the New York hedge fund could pursue this effort at a later date.

Last month, an Elliott-led group petitioned the Netherlands’ Interim Relief Court to force the big Dutch paint maker to hold a shareholder vote on the dismissal of Antony Burgmans.